New purchases can be pricey, even when you find good deals for clothing, jewelry, appliances, and cookware online. While eating out is costly, buying all of your home-chef tools can be even more expensive. Fortunately, there are some quick and easy ways to save money on new purchases. Below, you’ll find five of the most effective cost-saving methods.
Buy At The Right Time
November and May are the best months in which to make new purchases. Remember that Black Friday follows Thanksgiving, so pencil it in on your calendar and make the most out of the epic sales from big brands. If you can hold out until these sale months, then you’re guaranteed to save some dollars.
Saving Money Isn’t Always About Choosing The Cheapest Product
Imagine you bought a car at a fantastically discounted price. Let’s say $500. The average price of this particular car is $1,500, so you believe you got a great deal.
However, after one use, you discover that the car needs copious amounts of gas to run, and there are lots of things that need repairing. Your mechanic informs you that you need to spend at least $3,000 to repair your new car.
It’s not such a bargain anymore, right?
For this reason, it’s important to consider more than just the initial asking price. Think carefully about the running costs, general upkeep, potential repair costs, and other factors before committing to a heavily discounted purchase.
Don’t Dismiss Clearance Items
Just because a product has found itself in the discount aisle or under the clearance tab, doesn’t mean it’s not worthy of consideration. Clearance sections exist so brands can make room for new products in their catalog.
Though some items may have some light damage or other issues, more often than not, they’re only discounted because newer models have been released. If you’re not worried about having the latest, greatest (and most expensive) products, then keep an eye out for the word “clearance” when you shop.
Search Online Before Purchasing In-Store
Unsurprisingly, you can grab brilliant deals online that you may not have found in-store. However, when something breaks, there are times where waiting isn’t an option. If you’re hoping to save money on new purchases, use the internet to source the best deals and then see if they can be matched in-store.
Don’t Stick To One Brand Only
You may have your favorite brand at the forefront of your mind when purchasing something new. However, if you’re hoping to save money, it’s worth being open-minded and checking out products from various brands.
For example, you may have been purchasing essential oils from a particular brand, but when you decide to upgrade from an oil burner to an electric aroma diffuser, you may discover that an alternative brand offers a far better deal. Indeed, by shopping around for the aroma diffuser, you might discover a better supplier for your essential oils. The same is true for all major purchases.
Of course, you should read customer reviews and do your due diligence to ensure the unfamiliar brand will suit your needs.
Whether you’re buying kitchenware, machinery, furniture, or anything else, these five tips apply.
Consider the best time of year to buy, and don’t ignore the clearance aisle (be that virtual or in-store). Evaluate the total cost of the product, check it out online, and pay close attention to the price (including shipping costs). Finally, be open-minded when it comes to brands. Brand loyalty is great, but if a company’s products are out of budget, it’s time to shop around for alternatives.